The basics of saving for retirement
If you’re under the age of 50, then your main focus is probably on accumulating wealth. These articles can help you build a strong foundation when it comes to growing wealth for retirement.
Prepare for your financial journey.
What should you know before you start investing? Consider these basic investing principles as you work toward your savings goals.
Video Duration: 1 minute 43 seconds
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Knowing the basics of investing can help you prepare financially for the future.
Take Sally, who's starting her career. She decides to follow six investing principles as she works toward her goals.
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Number one, start early.
The first principle that Sally follows is to start saving early. She begins investing for retirement early in her career by making saving part of her monthly budget. By doing this, she's giving her money more time to grow.
Number two, start small.
Sally saves what she can. She wants to build up to saving 10% of her income for retirement. This amount includes her company's matching contributions.
Number three, stay committed.
Realizing it takes time to grow money, Sally saves consistently. During her financial journey, she learns about services like automated investing. When needed, she also seeks guidance from a financial advisor.
Number four, diversify investments.
To help protect her money, Sally selects different types of investments. She recognizes the risk of investing heavily in one company.
Number five, consider timeframes.
When investing, Sally thinks about when her money might be needed. This helps her determine the amount of risk she's willing to take.
Number six, stay calm when the market is not.
Sally stays focused on her long-term goals when the market is unpredictable. She keeps her emotions in check and reviews her investment plan before responding to market changes.
Are you like Sally and ready to buy stocks or save for retirement? As you invest for your future, our two trusted investment providers can offer a variety of options.
Description of visual information: [ Investments/Insurance: Not a Deposit • Not FDIC Insured • Not Bank Issued, Guaranteed or Underwritten • May Lose Value
Investing involves risk, including potential loss of principal.
Past performance is no guarantee of future results.
USAA and its affiliates do not provide tax advice. Taxpayers should seek advice based upon their own particular circumstances from an independent tax advisor.
Diversification, automatic investing and rebalancing strategies do not ensure a profit and do not protect against losses.
USAA Investment Services Company (ISCO), a registered broker-dealer and a registered investment adviser, provides referral and marketing services on behalf of Charles Schwab & Co., Inc. (Schwab), a dually registered investment adviser and broker-dealer. Schwab compensates ISCO for these services.] End of description
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